(M0) Bullish Focus Remains Intact *RES...>

BUND TECHS: (M0) Bullish Focus Remains Intact

*RES 4: 176.57 High Mar 13

*RES 3: 175.41 Low Mar 10

*RES 2: 174.81 61.8% retracement of the Mar 9 - 19 decline

*RES 1: 174.69 High May 4

*PRICE: 174.09 @ 04:49 BST May 6

*SUP 1: 173.42/26 High May 5 / High Apr 21

*SUP 2: 172.94 Low Apr 30

*SUP 3: 172.09 Low Apr 28 and key near-term support

*SUP 4: 171.29 Low Apr 23 and bear trigger

Bund futures outlook is unchanged and remains bullish with pullbacks continuing

to be considered corrective. Futures rallied Apr 30 clearing key resistance at

173.83, Mar 30 high. The break confirms a resumption of the uptrend that started

on Mar 19 and opens 174.81, 61.8% of the Mar 9 - 19 decline. Clearance of this

retracement would expose 175.41 ahead of 176.00. Initial support lies at 173.42,

May 5 low and 173.26, Apr 21 high.